Daily FNArena News - Small Caps

Damstra will acquire Vault Intelligence, expanding its product suite, customer and industry exposure and providing several avenues for growth.

Fashion jewellery is likely to remain relatively low on the list of consumer purchases for now but, over the longer term, Lovisa is considered well placed for a recovery in demand.

Adairs has experienced strong sales since its home furnishing stores re-opened and the online business is robust, standing the company in good stead despite the uncertain outlook.

HRL Holdings has emerged from the depths of the lockdown relatively unscathed but the uncertain economic outlook is likely to weigh on FY21.

Integral Diagnostics is increasingly confident business is returning to normal, making its second acquisition in New Zealand.

Demand for the building & restoration services of Johns Lyng has skyrocketed after a series of catastrophic events, suggesting the company will withstand any pandemic-related setbacks.

The strong market position of Freedom Foods’ brands should underpin the business going forward despite the short-term hit to profitability caused by the pandemic.

Experience Co is seeking ways to capitalise more on the re-opening of the domestic tourism market, while remaining confident it can emerge from the crisis without further need for funding.

Select Harvests has withstood a low almond price during the first half although brokers expect a recovery into FY21 is more than likely.

City Chic Collective has highlighted the strength of its online apparel business which has enabled profitable trading during the period of store closures.